Honeywell to acquire Saia Burgess Controls from Johnson Electric for $130 million

Honeywell announced an agreement to acquire intelligent building controls maker Saia Burgess Controls from Hong Kong-based Johnson Electric for $130 million, expanding its energy controls presence in Austria, Germany, and Switzerland. Expected to close end of January 2013.

“Honeywell has announced an agreement to acquire Saia Burgess Controls, a leading provider of intelligent building controls, from Hong Kong-based Johnson Electric for $130 million.”

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